18 Jul 2017
PENTA INVESTMENT ADVISERS LTD v. ALLIED WELI DEVELOPMENT LTD (formerly known as HENNABUN CAPITAL GROUP LTD)
- Citation
- PENTA INVESTMENT ADVISERS LTD v. ALLIED WELI DEVELOPMENT LTD (formerly known as HENNABUN CAPITAL GROUP LTD)
- Court
- Court of Appeal
- Case number
- CACV58/2016
The Court of Appeal held the winding up order was properly made: the company retained a sufficient substantial connection with Hong Kong notwithstanding its later change of domicile; there was a reasonable prospect of benefit to the petitioner, including from investigation into alleged dissipation of assets; the judge did not err in exercising his discretion and the appeal was dismissed.